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Causes Of Retail Price Fixity: An Empirical Analysis

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  • Richards, Timothy J.
  • Patterson, Paul M.

Abstract

Existing empirical studies do not provide a unifying explanation for retail price fixity. However, economic hysteresis, or the persistence of an economic phenomenon after its initial cause has disappeared, offers a general explanation. Estimates of an empirical model of retail-price hysteresis using store-level scanner data support our hypothesis.

Suggested Citation

  • Richards, Timothy J. & Patterson, Paul M., 2002. "Causes Of Retail Price Fixity: An Empirical Analysis," 2002 Annual meeting, July 28-31, Long Beach, CA 19841, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19841
    DOI: 10.22004/ag.econ.19841
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